Amazon - Look At This All Time High Retest!

22. Apr.

Amazon (AMZN) will create the bottom soon:



Click chart above to see the detailed analysis👆🏻

The trend on Amazon is clearly towards the upside and the recent correction of about -30% did not change that at all. Rather, we are now witnessing an extremely bullish all time high break and retest and therefore, if Amazon actually creates bullish confirmation, this could form a bottom.

Levels to watch: $180

Keep your long term vision,
Philip (BasicTrading)

1. Mai

Trade ist aktiv

Amazon - AMZN - still perfectly respects structure:

(click chart above to see the in depth analysis👆🏻)

Overall, it is still not a surprise at all that major tech stocks are starting to reverse at the current levels. Amazon for example just perfectly retested the previous all time high structure and is about to create bullish confirmation. There is a very high chance, that this constitutes the official bottom.

Levels to watch: $180

Keep your long term vision!
Philip (BasicTrading)

9. Mai

Trade geschlossen: Ziel wurde erreicht

Amazon - AMZN - now starts the next major move:

(click chart above to see the in depth analysis👆🏻)

With the perfect creation of the bullish wick during April 2025, Amazon fulfilled its destiny and is now starting the bullish break and retest continuation. The next target is simply the upper channel resistance trendline, so a move of about +30% is my next prediction here.

Levels to watch: $250

Keep your long term vision!
Philip (BasicTrading)